Marginal Utility

question 251

Multiple Choice

Marginal utility

• A) characterizes things of little use.
• B) is the additional utility derived from the last unit of a good consumed.
• C) is an implication of the law of demand.
• D) is always negative when total utility is positive and positive when total utility is negative.

---

Definitions:

Student Loans

Loans taken by students to cover higher education expenses, expected to be repaid with interest.

Simple Interest Rates

Interest calculated only on the principal amount of a loan or deposit, without compounding over time.

Outstanding Balance

The amount of money owed on a loan, credit card, or any other debt that remains unpaid.

Student Loans

Student loans are borrowed funds provided to students to cover education-related expenses, which must be repaid with interest over time.